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R-05-03-10-14B2 - 3/10/2005RESOLUTION NO. R -05-03-10-14B2 A RESOLUTION MAKING FINDINGS AS TO THE FEASIBILITY AND DESIRABILITY OF AN IMPROVEMENT DISTRICT TO BE KNOWN AS THE FOREST CREEK DRIVE PUBLIC IMPROVEMENT DISTRICT; MAKING FINDINGS AS TO THE ADVISABILITY, NATURE, AND ESTIMATED COSTS OF THE PROPOSED IMPROVEMENTS AND THE METHOD OF ASSESSMENT WITHIN THE BOUNDARIES OF THE DISTRICT; AUTHORIZING THE DISTRICT AS A PUBLIC IMPROVEMENT DISTRICT PURSUANT TO CHAPTER 372, SUBCHAPTER B, OF THE LOCAL GOVERNMENT CODE; MAKING PROVISIONS RELATED THERETO AND DECLARING AN EFFECTIVE DATE; PROVIDING FOR A SAVINGS CLAUSE AND REPEALING CONFLICTING ORDINANCES OR RESOLUTIONS. WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") authorizes the City of Round Rock, Texas (the "City") to create one or more public improvement districts; and WHEREAS, on or about December 10, 2004, the owners of certain real property located within the City delivered to the City a Petition (the "Petition") to create Forest Creek Drive Public Improvement District (the "District") the boundaries of which are described by metes and bounds in Exhibit "A", attached hereto and incorporated herein, save and except the 3.469 acres described in Exhibit "B," attached hereto and incorporated herein (the "Property"); and WHEREAS, the City Secretary of the City has received the Petition and it has been determined that the owners of more than 50% of the appraised value of the taxable real property and more than 50% of the area of all taxable real property within the District have executed the Petition and that the Petition complies with the Act and authorizes the City Council to consider the creation of the District; and WHEREAS, after providing all notices required by the Act, the City Council on March 10, 2005 conducted a public hearing on the advisability of the improvements and the creation of the District; and WHEREAS, the City Council adjourned such public hearing. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: I. That the following findings are made and declared regarding the proposed Forest Creek Drive Public Improvement District : (a PEDaktop\,ODMA/WORLDOX/O:/WDOX/RESOLUTVR30310B2. WPD-bbw 1. The Petition to establish the District is sufficient and is accepted as being in compliance with the provisions of the Act; 2. It is advisable to make the improvements set forth in the Petition and the same will benefit the land described therein, enhance the value thereof and be of benefit and use to the City and the residents of the District; 3. The nature the Proposed Improvements shall consist of the costs of materials and labor for construction of two lanes of Forest Creek Drive running through the Property, the median, sidewalks on each side of Forest Creek Drive, drainage and lighting, but not including engineering and design costs, which will be borne solely by the City. The parties hereto agree that the portion of the cost of Forest Creek Drive paid by the Developer is attributable to the needs of Developer's development. 4. The estimated costs of the Proposed Improvements are Six Hundred Seventy-seven Thousand Eighty-one and 55/100 Dollars ($677,081.55), plus 5.5% simple interest, which includes expenses incurred in the establishment and administration of the Proposed Improvements. In no event shall the total District assessment be more than Six Hundred Seventy-seven Thousand Eighty-one and 55/100 Dollars ($677,081.55), plus simple interest of 5.5%, except as authorized in the Development Agreement by and between the Owner and the City of Round Rock, approved by the City on August 26, 2004 in Resolution No. R -04-08-26-13E1. 5. The estimated costs shall be paid from special assessments on all the Property of the District. 6. The land described in the Petition will all be benefitted by the Proposed Improvements and therefore the boundaries of the District shall be as described in Exhibit "A," attached hereto and made a part hereof for all purposes, save and except the 3.469 acres described in Exhibit "B," attached hereto and made a part hereof; 7. The method of assessment shall be as follows: An assessment of Six Hundred Seventy -Seven Thousand, Eighty -One and 55/100 Dollars ($677,081.55) shall be levied on the Property and shall be paid on a per -acre, pro -rated basis, due seven (7) years after Substantial Completion of Forest Creek Drive through the Property, or at time of plat recordation, whichever first occurs. Substantial Completion shall mean the date on which the City's Director of Public Works notifies the contractor that the portion of Forest Creek Drive through the Property has been finally accepted by the City. 2 8. The costs of the Proposed Improvements shall be shared by the Property within the boundaries of the District and by the District property owners. The City shall incur no costs associated with the PID. II. The Forest Creek Drive Public Improvement District is hereby created as provided by the Act and in accordance with the findings made in Section I hereof. Provided, however, such authorization does not authorize Petitioner to take any action that would obligate the City in any way or cause the City to incur any risk or cost. This Resolution shall be published one time in the Round Rock Leader, the official newspaper of the City, and upon such publication authorization of the Forest Creek Drive Public Improvement District shall become effective. IV. City staff is hereby authorized to take all action necessary to prepare a preliminary assessment roll, publish any necessary notices, set dates for public hearings and take all other action necessary to effectuate the purposes of this Resolution. V. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 10th day of March, 2005. CHRISTINE R. MARTINEZ, City Secretary 3 MAXWE , Mayor City of Round Rock, Texas • EXHIBIT Being 147.076 acres of land, more or less, out of and a part of the Prior A. Holder Survey, Abstract No. 297, situated in Williamson County, Texas, being more fWly described as being all of that certain Tract 3, described in a deed to Round Rock Ranch, Ltd., as recorded in Volume 2418, Page 51 of the Deed Records of Williamson County, Texas. AUSTIN SURVEYORS P.O. BOX 1=243 ' AMIN,TEXAS 1171s 2105 JUSTIN LANE Bios (512) 45,4406 Aowmpaitmea fcrptec 1043-nr nehP FIELD NOTES FOR 3.469 ACRFS A11 that certain tract or parcel of land situated n1 the P. A. Holder Survey, A-297, Williamson County, Texas and being a part of a 147.076 acre tract of land, designated as Tract 3, is a deed to Round Rock Ranch Ltd. recorded in Volume 24I8, Page S1of the Deed Records of Wiliiams00 County. Texas, and being more particularly described by metes and bounds as follows: BEGINNING at an iron pin found in an angle point ofthe above mentioned Tract 3 for the South corner of a 8.856 acre tract of land conveyed to Wilshire Homes Inc. by deed recorded as Document No. 2000006061 and the West corner of a 9.550 acre tract of land conveyed to C.F. Etta by deed recorded as Document No. 9621999 of the Official Records of Williamson Couto, Texas, saddle East comer of this tract. THENCE S 89'29'37"W 4.26 Sed to am iron pin sex in the PC of a curve to the left said curve having a radius .of 1350.00 f; et and a central angle of 14°54'37". THENCE with the aro of the said curve 351.32 feet the long chord of which bears S 80°20'57" W 350.32 to an iron pin set for the PT ofthe said curve. THENCE S 27°09'37'"W 28.13 fbet to an iron pin set in the PC of a curve to the left said curve having a radius of 1330.00 feet and a carnal angle of 16°09' 13". THENCE with the arc of the said Curve 374.97 feet the long chord of wiiidi bears S 63'158'17"W 373.73 to an iron pia set for the PT ofthe said curve. • THENCE S 77'27'51'W 52.04 feet to an iron pin set in She PC of a curve to the left said curve having a radius of 1350.00 feet and a central angle of 011'20'15". THENCE with the arc of the said curve 31.52 feat the long chord of which beats S 53°10'17" W 31.51 to an Wallin ser for the PT of the said curve. THENCE S 52°30'09" W 565.80 feet to an iron pin set on the Northeast line of a 41.153 corn tract of land conveyed to the State of Texas by deed recorded k Volum*, 1970, Page 515 ofthe Deed Records of Williaupcu may, Texas for the South comer of this tract. THENCE N 51044'46" W with the Northeast line of the above mentioned 41.153 acre batt .1 103.17 feet to an iron pin set for the West Domer of this tract. . THENCE N 52°30109" E 591.20 feet to am iron pia set in the PC of a Curve to the right • carve hang a radius of 1450.00 foot and a central angle of 3412'39". said THENCE with the arc of the said curve 874.22 feet the sub -chord of which bears N 69°46'29" E 861.04 feet to an iron pin set on the Northeast line of the said Tract 3 and the South comer of the above mentioned 8.856 acre tract for the North comer of this tract. EXHIBIT 3.469 ACRES PAGE 2 OF 2 THENCE S 44"29'45' E with the Northeast line of the said Tract 3 52.66 feet to an iron pin farad for an angle point of this tract. THENCE S 26°24'58• E 51.96 fret to the POINT OF BEGINNING containing 3.469 acres of land, more or less. 1, Claude F. Hide, Jr. , a Registered Professional Laud Surveyor, do hereby certify that these field notes were prepared from an on -the -ground survey made under my supervision during May of 2001 and are cornea to the best of my lmowledgeand belief. These field notes were prepared for a transfer of title from Round Rock Ranch, Ltd. to The City of Round Rock. Any use of this description by any person for any other pub is expressly prohibited. Date 1043.doc .1 SERVICE _.1 FORT LLOYD O 2!a N13380 318f1Od EES DR DOUBLE CFZ ill FORT THOMAS PL REDWOOD-TRCE DATE: March 3, 2005 SUBJECT: City Council Meeting - March 10, 2005 ITEM: 14.6.2. Consider a resolution creating the Forest Creek Drive Public Improvement District. Department: Transportation Services Staff Person: Thomas G. Martin, P.E., Director Justification: On or about December 10, 2004, a petition was received from the owners of certain property within portions of the Round Rock Ranch Subdivision to create the Forest Creek Drive Public Improvement District (PID). This District will levy assessments against real property within the Forest Creek Drive Public Improvement District to pay for the costs of construction of portions of Forest Creek Drive. A public hearing was held earlier tonight to receive public testimony on the advisability of these improvements and the creation of the PID. Funding: Cost: N/A Source of funds: N/A Outside Resources: Round Rock Ranch, Limited Background Information: Forest Creek Drive is a major arterial shown in the City's Transportation Master Plan. The city currently has a project to construct remaining portions of this facility between Rusk Road and the Lake Forest Subdivision. This project is being funded using 4B Corporation Funds and developer contributions made through Cost Sharing/Development Agreements. However, the portion of this project, through Round Rock Ranch, is proposed to be paid by means of a PID. The contract for this construction, in the amount of $2,969,564.65 was awarded by the City Council at the August 26, 2004 meeting. Public Comment: N/A